Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP – Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 16,300 shares, a growth of 132.9% from the November 30th total of 7,000 shares. Based on an average trading volume of 23,000 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Trading of Invesco KBW Property & Casualty Insurance ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC grew its position in Invesco KBW Property & Casualty Insurance ETF by 17.5% during the first quarter. HighTower Advisors LLC now owns 257,962 shares of the company’s stock valued at $21,447,000 after buying an additional 38,462 shares during the period. Atria Wealth Solutions Inc. grew its position in Invesco KBW Property & Casualty Insurance ETF by 44.9% during the second quarter. Atria Wealth Solutions Inc. now owns 3,855 shares of the company’s stock valued at $316,000 after buying an additional 1,195 shares during the period. Prospera Financial Services Inc acquired a new stake in Invesco KBW Property & Casualty Insurance ETF during the second quarter valued at $237,000. Mutual Advisors LLC grew its position in Invesco KBW Property & Casualty Insurance ETF by 1.7% during the second quarter. Mutual Advisors LLC now owns 80,489 shares of the company’s stock valued at $6,589,000 after buying an additional 1,309 shares during the period. Finally, Flagship Harbor Advisors LLC grew its position in Invesco KBW Property & Casualty Insurance ETF by 16.5% during the third quarter. Flagship Harbor Advisors LLC now owns 3,311 shares of the company’s stock valued at $278,000 after buying an additional 470 shares during the period.
Invesco KBW Property & Casualty Insurance ETF Price Performance
NASDAQ:KBWP opened at $90.51 on Friday. The firm has a market capitalization of $165.63 million, a P/E ratio of 15.20 and a beta of 0.66. Invesco KBW Property & Casualty Insurance ETF has a 1-year low of $78.16 and a 1-year high of $92.89. The company’s fifty day moving average price is $89.47 and its 200-day moving average price is $85.59.
Invesco KBW Property & Casualty Insurance ETF Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 19th were paid a $0.4373 dividend. The ex-dividend date was Monday, December 18th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.93%.
About Invesco KBW Property & Casualty Insurance ETF
(Get Free Report)
The Invesco KBW Property & Casualty Insurance ETF (KBWP) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a modified market-cap-weighted index focused exclusively on property & casualty insurance companies in the US. KBWP was launched on Dec 2, 2010 and is managed by Invesco.
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